| ▲ | flipped an hour ago | |
This is the reason you should be using Monero. The benefits are extremely fruitful for everyone. Private, untraceable, full control over your funds, no breach possible. | ||
| ▲ | _verandaguy an hour ago | parent | next [-] | |
These are often undesirable features for SMEs that need to be accountable for a variety of reasons, including KYC regulations; besides, while blockchains provide protocol-level security, they fail in two ways that do matter to consumers: - They provide no meaningful consumer protections (since this necessarily requires an authority, which blockchains may not have) - They don't protect at all against meatspace vulnerabilities like scams and other deception-based attacks, which are by far the more common issue in banking. This is exacerbated by the lack of consumer protections. (To be clear: don't read my comment as being in support of PayPal. They have abused user trust for a while, and I haven't had an account there in over a year -- fuck 'em.) | ||
| ▲ | pennomi an hour ago | parent | prev | next [-] | |
What percentage of businesses actually accept monero? | ||
| ▲ | draygonia an hour ago | parent | prev [-] | |
Aside from it being an unstable store of value, but that's a problem with all cryptos (and stablecoins, when they collapse). | ||